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Barchart
Barchart
Mohit Oberoi

Will Ford Stock Follow in GM’s Footsteps and Plunge on July 30?

Ford GM Donald Trump Stellantis

The Q2 earnings season hasn’t treated Detroit automakers well. 

For instance, General Motors (GM) plunged over 8% yesterday, July 22, despite beating Q2 earnings estimates. The company disclosed a $1.1 billion hit from President Donald Trump’s auto tariffs in Q2 and reiterated that it expects the annual impact to be between $4 billion and $5 billion.

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